nazrey
August 14th, 2007, 08:26 AM
10-08-2007: YNH to buy Mont’ Kiara land
THEEDGEDAILY
KUALA LUMPUR: YNH Property Bhd is acquiring a 70% interest in two parcels of development land in Mont’ Kiara here for RM67.87 million cash and an assumption of RM4.6 million debt.
YNH said it was acquiring the interest via the acquisition of a 70% stake in D’Kiara Place Sdn Bhd, which owns the land measuring a total of 2.43 hectares, from Triple-H Auto Parts Sdn Bhd.
It said the intended development on the land was for service apartments, an office block, a retail centre and an auditorium with an estimated gross development value of RM680 million.
THEEDGEDAILY
KUALA LUMPUR: YNH Property Bhd is acquiring a 70% interest in two parcels of development land in Mont’ Kiara here for RM67.87 million cash and an assumption of RM4.6 million debt.
YNH said it was acquiring the interest via the acquisition of a 70% stake in D’Kiara Place Sdn Bhd, which owns the land measuring a total of 2.43 hectares, from Triple-H Auto Parts Sdn Bhd.
It said the intended development on the land was for service apartments, an office block, a retail centre and an auditorium with an estimated gross development value of RM680 million.